In a daze, the attack on Bitcoin has created history again.
After breaking through $25,000 on the 26th, Bitcoin trading volume continued to rise. At 18:00 on the 27th, Bitcoin broke through the $27,000 mark and reached $27,642 (approximately RMB 180,900).
Compared with the spectacular scene of "the whole nation shouting orders and sending red envelopes" a while ago, the interest in this bull market in the currency circle has become much dimmer.
"No one expected Bitcoin to rise to altcoin. The group was deserted and there were no one who wanted to get rich because many people sold it at 20,000." An investor told a reporter from China Securities Journal.
Investors in the currency circle looked at each other: Who made money?
Image source: WeChat group chat
The entire network is in liquidation of 3.396 billion
After three years, Bitcoin has finally ushered in a bull market.
CoinMarketCap data shows that as of 18:00 on the 27th, Bitcoin soared, breaking through the $27,000 mark, at $27,642 (approximately RMB 180,900), an increase of 11.7% in 24 hours. The total market value of Bitcoin is US$511.6 billion, equivalent to RMB 3.3 trillion, one trillion higher than Kweichow Moutai (market value of 2.3 trillion), equivalent to two Industrial and Commercial Banks.
Data source: CoinMarketCap
Bitcoin has been in a striking rise this year and has become an asset that will definitely benefit from the epidemic. Since hitting a new year-on-year low of $4,705 on March 13, Bitcoin’s current price has soared by more than 584% compared to that time.
On December 27, "Bitcoin exceeded 150,000 RMB by the end of the year" once ranked third on Zhihu's hot list, with a popularity of 11.3 million. Some netizens called out: "The market for getting rich is coming again, which is more exciting than a roller coaster." Some netizens said: "Bitcoin and Moutai stocks are quite similar. The more you think it cannot rise, the more it rises."
Alternative.me sentiment survey showed that on December 27, the trading sentiment in the virtual currency market remained "extremely greedy" for more than one month.
Data source: Alternative.me
However, in this round of big rise, many China's virtual currency communities are still deserted.
"I didn't expect that the bull market has come and I missed the opportunity. The biggest sorrow of the people in the currency is that the increase in Bitcoin has made headlines. Friends outside the circle asked me if I made a lot of money by playing Bitcoin, and I cleared my position when I was more than 10,000 yuan. Now Bitcoin is really not something that ordinary people can afford, it is a game for institutions across the ocean." An investor told a reporter from China Securities Journal.
Missing the bull market is not the worst, the Air Force who makes contracts is full of sorrow. UAlCoin data shows that as of press time, in the contract market, Bitcoin had a total of RMB 3.396 billion in total in one day. Among them, the largest short order for liquidation suffered heavy losses, with an amount of RMB 65.42 million.
Data source: UAlCoin
The Air Force did not expect that Bitcoin has set new highs recently, but there was no intention of a callback. "I really can't understand the recent market, and the risk is too great. Some friends who speculate on Bitcoin futures did not listen to their advice and went bankrupt." said a Bitcoin investor.
Gu Yanxi, a practitioner in the blockchain and crypto digital asset industry, said that it is very easy to increase leverage in Bitcoin trading at present, and the proportion of leverage can be very large, so the risk may be greater. In such a market environment, it is necessary to stay awake to avoid taking large losses.
virtual currency MXC exchange chief experience officer Suzie also does not recommend that novices play leveraged Bitcoin futures contracts. "Under high leverage, the risk of contract liquidation is extremely high. If 10 times leverage is used, the market will fluctuate by 10%, and 20 times leverage is used, and 5% of the market will fluctuate by 5%. Novices are very unfamiliar with the operation of contracts, the grasp of market conditions, position control, and stop-profit and stop-loss strategies. If such high-risk transactions are used, the risk of liquidation is extremely high."
Musk is aimed at Bitcoin
Tesla may enter the market?
While Bitcoin is booming, Tesla CEO Elon Musk also publicly expressed his interest in Bitcoin last week.
Musk asked Michael Saylor, CEO of US listed company MicroStrategy on social networking website the possibility of converting "large transactions" on Tesla's balance sheet into Bitcoin, and said: "Bitcoin's architecture is very perfect, and of course there are some other currencies, but I'm not sure if Tesla is a good choice to enter the cryptocurrency circle."
Michael Saylor advises Musk: "I have purchased more than $1.3 billion in Bitcoin in the past few months. Faced with unprecedented currency expansion this year, every CEO is facing the challenge of how to maintain and enhance shareholder value. Bitcoin is the best solution for every individual, investor and enterprise on the planet to store value."
The exchange between the two made the cryptocurrency circle excited, and investors speculated that Tesla might buy Bitcoin.
data shows that since MicroStrategy started buying Bitcoin in large quantities in August, it currently has 38250BTC (currently worth about $610 million), and MicroStrategy has become one of the institutions holding a large number of Bitcoin. At the same time, the company's stock trading price also saw a significant increase.
